Castellum Inc (CTM) Quote

Small offering sold out in two minutes! Some upcoming churning, then onwards and upwards.

Offering at .85 not bad $2.80 

One more pump $2.68

ctm.....................................https://stockcharts.com/h-sc/ui?s=ctm&p=W&b=5&g=0&id=p86431144783

Castellum Announces Pricing of $3.7 Million Public Offering of Common Stock
VIENNA, Va., Dec. 27, 2024 (GLOBE NEWSWIRE) -- Castellum, Inc. (the “Company” and “Castellum”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, today announced the pricing of its previously announced public offering of 4,355,000 shares of its common stock at a public offering price of $0.85 per share. Gross proceeds from the offering are expected to be approximately $3.7 million before deducting placement agent fees and estimated offering expenses. Castellum intends to use the net proceeds of the offering for working capital and general corporate purposes.

Maxim Group LLC is acting as the sole placement agent, on a reasonable best-efforts basis for the offering.

The closing of the offering is expected to occur on or about December 30, 2024, subject to satisfaction of customary closing conditions.

A shelf registration statement on Form S-3 (File No. 333-275840) relating to the securities being offered was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on December 12, 2023. The shares are being offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering have been filed with the SEC. A final prospectus supplement and an accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. When available, copies of the final prospectus supplement and accompanying prospectus relating to the public offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated by reference therein, for more complete information about the Company and the proposed offering. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Good call man, I've been following and charting this company for a few years now. Unfortunately, I haven't been able to put any money in cause I'm tied up with college and kid club sports. Had my son open his first trading account and he got in at .18 following you now. I'm expecting to see $4.50 short term. Great team, in a niche industry.

CTM................................https://stockcharts.com/h-sc/ui?s=CTM&p=W&b=5&g=0&id=p86431144783





weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

CTM cybersecurity rules for now $1.50s +'160%
Must be the offering after effects 

ctm............................https://stockcharts.com/h-sc/ui?s=ctm&p=W&b=5&g=0&id=p86431144783

CTM...........................https://stockcharts.com/h-sc/ui?s=CTM&p=W&b=5&g=0&id=p86431144783

CTM .43 Down -28%. May take an entry on beat down 

CTM .70 + 16% 

ctm.......................https://stockcharts.com/h-sc/ui?s=ctm&p=W&b=5&g=0&id=p86431144783

CTM is ready to burst! and looks like you are not ready!

CTM is profitable already wow holy smokes!

CTM potential is HUGE! NEW 52'S WEEK HIGHS ARE COMING!

CTM......................................https://stockcharts.com/h-sc/ui?s=CTM&p=W&b=5&g=0&id=p86431144783

CTM....................................https://stockcharts.com/h-sc/ui?s=CTM&p=W&b=5&g=0&id=p86431144783

So why are you posting. Enlighten us to what you think is going to happen. 

CTM.........................https://stockcharts.com/h-sc/ui?s=CTM&p=W&b=5&g=0&id=p86431144783

CTM......................https://stockcharts.com/h-sc/ui?s=CTM&p=W&b=5&g=0&id=p86431144783

CTM............................................https://stockcharts.com/h-sc/ui?s=CTM&p=W&b=5&g=0&id=p86431144783

Yeah boom as it blew up by dropping 50%. BOOM!!!!

BOOM!!!!

They restricted pay or laid people off. You make 45 million in a year. The balance sheet is not cash flow positive maybe you might have to cut executives salaries. Let us know when you think the company will be cash flow positive.

I really expected some discussion
around February 27, 2024 NOTICE OF ACTION BY WRITTEN CONSENT OF STOCKHOLDERS AND INFORMATION STATEMENT.
either a gasp good, gasp bad, or even a shrug of indifference.

42 ml shares... that's 80/42... 1.9 micro™️🇺🇸

Somebody anybody what is the actual % of the split on the 80 million dollar government contract

We need some new updates. No news is bad nees

https://www.otcmarkets.com/stock/CTM

Debbie downers all of all.

Agree …. The financial statements and the press releases are like signs on the road …..

Last call ! The Castellum Inc. Train is heading south “again.” Hold on tight, as 2024 may bring rougher waters ….. grab a life vest.

Back in today at .2134. Average. Confident of 100 percent run from these levels hopefully in 1 to 2 months

https://www.otcmarkets.com/stock/CTM

CTM...TARGET IN

CTM is back in play . Up 150% in 2 weeks. More to come. Next target .58 then 1.02

CTM TO 59C

It’s making a move in after hours up 50+%

I remember, and this is not a happy memory, of the price per share being so low ie less than a penny, that it was not even worth selling. THEN the change happened and my shares got up to an unbelievable 40K with an uplist making everyone hope for even better.
NOW, I'm back back to that to those old days and expect delisting shortly.
Is there any better legitimate opinion out there about what the company will do now?

10 cents per share soon?

What the hell is happening.

https://www.otcmarkets.com/stock/CTM

I am watching and waiting - hoping they become profitable and the share price goes up!

Castellum Announces the Award of a $3 million Contract to its Specialty Systems, Inc. Subsidiary

Source: GlobeNewswire Inc.

Castellum, Inc. (NYSE-American: CTM) (“Castellum”) announces that its Specialty Systems, Inc. subsidiary has been awarded a $3 million, 14-month U.S. Navy contract.
With this contract, Castellum furthers the commitment to its U.S. Navy mission.

“This is an important contract award as it will permit us to support our U.S. Navy mission customer by maximizing the readiness of the forces as they address a multitude of global threats,” said Mark Fuller, President and Chief Executive Officer of Castellum. “We are constantly looking for opportunities to leverage our expertise and past performance by creating new ways to support the national security imperatives of all the Castellum mission customers.”

About Castellum, Inc.

Castellum, Inc. (NYSE-American: CTM)?is a defense-oriented technology company, which is executing strategic acquisitions in the cyber security, information technology and software, information warfare, and electronic warfare and engineering services space - http://castellumus.com/

Forward-Looking Statements:?

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget; and the Company’s ability to maintain the listing of its common stock on the NYSE American LLC. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”) which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.

Contact:

Mark Fuller
President and Chief Executive Officer
Contact: info@castellumus.com
Phone: (301) 961-4895



Primary Logo

If they don’t become profitable in late 2023 then I might be forced to buy more to get my average lower to sell. Best of luck to all.

Fido borrow rate

CTM - CASTELLUM INC COM 11.375%

Can anyone explain why the price is dropping so hard when the Q report shows such improvement? Also there are firms with price targets of over $1...just wondering if someone can make some sense of this for me. TIA

Castellum, Inc. Announces Strong Second Quarter Financial Results

Source: GlobeNewswire Inc.

Castellum, Inc. (NYSE-American: CTM) (the “Company”), a cybersecurity and electronic warfare company focused on the federal government, announces highlights of its operating results for its second quarter ended June 30, 2023.
Second Quarter 2023 Financial Highlights:

Revenues were $12.5 million compared to $9.9 million during the first quarter of 2023.
Gross profit was $5.2 million compared to $4 million during the first quarter of 2023.
Operating loss, inclusive of all non-cash charges ($2.0 million), was $1.9 million compared to $4.7 million during the first quarter of 2023.
Cash provided by operating activities was $0.6 million compared to negative $2.4 million during the first quarter of 2023.
Non-GAAP Recurring Cash Operating Profit was positive $86 thousand for the second quarter compared to negative $455 thousand during the first quarter of 2023.
Castellum, Inc.’s full financial results for the three and six months ended June 30, 2023, will be published later today on Form 10-Q at www.sec.gov.

“We are proud to announce another strong quarter for Castellum,” said Mark Fuller, President and CEO of Castellum. “Revenue was a record for the quarter, gross margins remain strong north of 40%, and recurring cash operating profit moved back to positive territory. Our cost-cutting started in Q2 and we should see more impact in Q3 and full impact in Q4. With our growing pipeline of business development opportunities, our prospects for organic growth are the best they have ever been. We also continue to selectively look at M&A opportunities.”

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in Item 1A. “Risk Factors” section of the Company’s Form 10-Q and other filings with the Securities and Exchange Commission which can be viewed at www.sec.gov. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Non-GAAP Financial Measures and Key Performance Metrics

This press release contains Non-GAAP Recurring Cash Operating Profit (Loss), which is a Non-GAAP financial measure that is used by management to measure the Company’s operating performance. A reconciliation of this measure to the most directly comparable GAAP financial measure is contained herein. To the extent required, statements disclosing the definition, utility, and purpose of this measure is also set forth herein.

Definition:
Non-GAAP Recurring Cash Operating Profit (Loss) represents the Company’s GAAP operating loss excluding non-cash charges such as stock-based compensation, depreciation, amortization, and change in the value of contingent earnout as well as any non-recurring charges.

Utility and Purpose:
The Company discloses Non-GAAP Recurring Cash Operating Profit (Loss) because this Non-GAAP measure is used by management to evaluate our business, measure its operating performance, and make strategic decisions. We believe Non-GAAP Recurring Cash Operating Profit (Loss) is useful for investors and others in understanding and evaluating our operating results in the same manner as its management. However, Non-GAAP Recurring Cash Operating Profit (Loss) is not a financial measure calculated in accordance with GAAP and should not be considered as a substitute for GAAP operating loss or any other operating performance measure calculated in accordance with GAAP. Using this Non-GAAP measure to analyze our business would have material limitations because the calculations are based on the subjective determination of management regarding the nature and classification of events and circumstances that investors may find significant. In addition, although other companies in our industry may report a measure titled Non-GAAP Recurring Cash Operating Profit (Loss), this measure may be calculated differently from how we calculate this Non-GAAP financial measure, which reduces its overall usefulness as a comparative measure. Because of these inherent limitations, you should consider Non-GAAP Recurring Cash Operating Profit (Loss) alongside other financial performance measures, including net loss and our other financial results presented in accordance with GAAP.

$1.............